Companies update their systems to replace outdated software and to modernize or streamline supporting IT resources. The problem is most companies that implement a new system do not achieve all of their objectives, and many fail miserably.

Enterprise risk management (ERM) has become a big buzzword in business the past few years. However, corporate governance and compliance, which is how business executives utilize ERM, is really a traditional management function. “What’s new about it is that there’s market interest and significant value associated with an enterprise that has implemented true ERM,” says […]

The communication between independent auditors and audit committee members of public companies will change in 2014 with Public Company Accounting Oversight Board (PCAOB) Auditing Standard No. 16. The PCAOB’s standard is effective for audits of fiscal years beginning after Dec. 15, 2012. “There’s an emphasis on two-way communication and the timeliness of communication,” says Dale […]